Emkay has come out with its report on metals sector. The research firm expects steel prices to remain stable in absence of real demand. Base metals prices, somewhat stabilized after their fall in past months except Zinc, which fell steeply by 7.6% on weakness in steel, says the report.

The RBI has cut rates by 125 bps since January 2015, but banks have cut one year deposit rates by an average 130 bps. Interestingly, lending rates have fallen by a meagre 50 bps, which includes the base rate cuts announced by most banks post September 29 policy.